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        <Desc>OTHER RECEIVABLES</Desc>
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        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 2, PART IV, LINE 2B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE TENANTS MOVE OUT OF THE APARTMENT.</ExplanationTxt>
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        <PersonNm>LATOYA ALLEN</PersonNm>
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        </NameOfInterested>
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        <TransactionDesc>PROPERY MGMT</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>TIFFANY MAINTENANCE CO INC</PersonNm>
        </NameOfInterested>
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        <TransactionDesc>MAINT. &amp; REPAIR</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>SENTRY SECURITY</PersonNm>
        </NameOfInterested>
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        <TransactionDesc>SECURITY</TransactionDesc>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>FATHER LOUIS GIGANTE SALVATORE GIGANTE DIRECTOR SECRETARY/CO FAMILY RELATED</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION OWNS APARTMENT BUILDINGS CONSTRUCTED AND MAINTAINED TO PROVIDE LOW INCOME HOUSING. THE BUILDINGS ARE MANAGED BY BUILDING MANAGEMENT ASSOCIATES, INC., A REAL ESTATE PROPERTY MANAGEMENT COMPANY, WHICH IS OWNED BY A BOARD MEMBER OF THE REPORTING ORGANIZATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>ORGANIZED WITH ONE MEMBER, SEBCO DEVELOPMENT CO., INC., A NOT FOR PROFIT IRC SECTION 501(C)(3)COMMUNITY BASED ORGANIZATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY CONTROLLER AND CHIEF OPERATING OFFICER BEFORE IT IS FINALIZED AND FILED.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CONFLICTS OF INTEREST POLICY IS ENFORCED PURSUANT TO THE NEW YORK STATE NOT FOR PROFIT CORPORATION LAWS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>DOCUMENTS, WHICH ARE PUBLIC RECORD, ARE AVAILABLE FROM NY SECRETARY OF STATE AND UPON REQUEST.</ExplanationTxt>
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</Return>
